As tax season approaches, finding the best deals on tax preparation software like TurboTax is on everyone’s radar. If you’re a State Farm customer, you might be wondering if there’s a specific TurboTax discount for you. While State Farm doesn’t currently offer a direct discount for TurboTax, there are several outstanding promotions available in January 2025 that can help you save money. Here’s a detailed breakdown of these deals, plus some guidance on how State Farm customers can maximize their savings and access tax resources.
Extra 10% Off TurboTax Online Federal Products: Save Up to 50%
One of the standout deals this month is TurboTax’s extra 10% discount on federal online tax preparation products. This deal stacks on top of the early-season discounts already offered, resulting in savings of up to 50% off across all service tiers. Whether you’re filing your taxes yourself or prefer assistance from experts, this offer has something for everyone. Here’s a closer look at the available tiers:
- Do-It-Yourself Versions: Best for confident filers who want to handle their taxes independently using TurboTax’s user-friendly software.
- Live Assisted Versions: Great for individuals who prefer occasional help from tax professionals who can answer questions and provide guidance.
- Full Service Versions: Ideal for those who want to leave everything in the hands of TurboTax experts, from preparation to filing.
This promotion runs until January 31, 2025, giving you ample time to choose the service that best suits your needs. If you’re a State Farm customer, you can access this discount through TurboTax directly or by checking if any State Farm-affiliated offers are available.
50% Off QuickBooks Solopreneur (with Live Assisted Tax)
If you’re self-employed or a small business owner, this deal is worth noting. TurboTax is offering 50% off the QuickBooks Solopreneur plan for the first three months, dropping the cost from $20 per month to just $10. This plan is tailored specifically for freelancers and entrepreneurs who file a Schedule C (Form 1040) and want an integrated tax and bookkeeping solution. The Solopreneur subscription includes access to QuickBooks Live Assisted Tax, which provides the following benefits:
- Unlimited access to tax experts who can help maximize deductions.
- Seamless integration with QuickBooks, allowing experts to access your financial data for accurate tax preparation.
- Personalized advice on industry-specific deductions and credits.
- A 100% accurate, expert-approved guarantee.
- On-demand audit support, offering one-on-one guidance in the event of an audit.
However, this deal is limited to new QuickBooks customers. If you’re considering QuickBooks to streamline your bookkeeping and tax filing process, this is a fantastic opportunity.
TurboTax Free Edition: No-Cost Filing for Simple Returns
For individuals with straightforward tax situations, TurboTax’s Free Edition is another valuable option. This allows you to file both federal and state taxes for free, provided your return qualifies as “simple.” Typically, this includes:
- Filing a basic Form 1040.
- Claiming limited credits like the Earned Income Tax Credit (EITC), Child Tax Credit, or Student Loan Interest Deduction.
- No need for additional schedules or handling of complex tax scenarios.
It’s worth noting that only around 37% of taxpayers qualify for the Free Edition, so you’ll need to assess whether your situation falls within the criteria. If not, you’ll need to explore one of TurboTax’s paid plans, which still offer robust features and discounts.
State Farm and TurboTax Discounts: What You Need to Know
State Farm is widely known for its comprehensive insurance services and financial tools. While they don’t currently offer a TurboTax discount, the company does provide tax-related resources that can be valuable during filing season.
State Farm customers looking for TurboTax savings can take advantage of the general discounts available through TurboTax’s affiliate partners. To claim these discounts, you’ll need to follow specific steps:
- Start on the Partner Website: If you’re accessing TurboTax through a bank, credit union, or insurance company like State Farm, begin on the partner’s site and click the TurboTax link.
- Sign In and Select Your Edition: After clicking the link, you’ll be redirected to a TurboTax-branded affiliate page with discounted pricing. Choose the version that fits your needs and sign in.
- Confirm the Discount: When you reach the “Review Your Order” section, ensure that the discounted price is displayed, confirming that your partner discount has been applied.
If the discount doesn’t appear, try clearing your browser cookies and following the steps again.
State Farm’s Financial and Tax Resources
Although State Farm doesn’t directly offer TurboTax discounts, they do provide a variety of tools and resources to help with financial planning and tax preparation:
- Multiple Policy Discounts: If you bundle your insurance policies—such as auto and home insurance—you may qualify for discounts that can free up funds for tax preparation costs.
- Good Student Discounts: Students insured through State Farm who maintain good grades can save on their premiums, making it easier to manage overall financial obligations.
- Safe Driving Discounts: Maintaining a clean driving record can also lower your insurance costs, creating additional savings that can be applied toward TurboTax or other financial needs.
Additionally, State Farm’s website offers helpful articles and tools for financial planning, including guidance on retirement accounts and tax implications for investments.
Exclusive Discounts for Military Members and Affiliates
If you’re a member of the U.S. military, you may qualify for exclusive TurboTax discounts or even free filing for simple tax returns. Additionally, other affiliates such as Fidelity, TD Ameritrade, and Amex often offer TurboTax discounts to their customers. State Farm customers who are also affiliated with these organizations should explore these opportunities to maximize savings.
Final Thoughts: Saving on TurboTax in January 2025
Navigating tax season can be stressful, but taking advantage of available discounts can make it more manageable. While State Farm doesn’t currently offer a specific TurboTax discount, there are plenty of ways to save on TurboTax products in January 2025:
- Leverage the extra 10% off discount on TurboTax Online Federal Products for up to 50% in total savings.
- Explore the 50% discount on QuickBooks Solopreneur for integrated tax and bookkeeping services.
- Check if you qualify for the Free Edition for simple tax returns.
If you’re a State Farm customer, don’t forget to explore other partner discounts available through affiliated organizations or financial tools offered by State Farm itself. Staying proactive and organized during tax season will not only help you save money but also ensure a smoother filing process.